Pimco, GECAS launch aircraft investment platform

AdobeStock_Africa_575x375_09Sept2020
By Jennifer Kang
21 Oct 2020

Pimco is teaming up with GE Capital Aviation Services (GECAS) to create an aircraft leasing investment platform to support up to $3bn in aircraft asset financing. Sources say it will provide a new funding option and inject liquidity into the aviation industry at a time when it is badly needed.

The news comes as the aviation sector continues to struggle to rebound after widespread damage to the industry caused by the pandemic. With ABS still closed to the typical aircraft securitization and other sources of financing quickly drying up, the newly announced initiative could be a ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial